Capital value analysis and forecast
Following headwinds in 2025, the global market enters 2026 on an uncertain footing
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Following headwinds in 2025, the global market enters 2026 on an uncertain footing
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Stronger economies are supporting property income, but renewed rate pressure is keeping the recovery selective, prime-led and regionally uneven.
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Stability persists amid elevated borrowing costs and economic uncertainty

Rental growth and yields
Stability persists amid elevated borrowing costs and economic uncertainty
Prime office yields stable at 4.9%, underpinned by competitive debt and resilient occupational markets.

Spotlight: European Office Investment – Q2 2026
Prime office yields stable at 4.9%, underpinned by competitive debt and resilient occupational markets.
Prime residential prices remained resilient in the first half of 2025, recording positive price growth of 0.7%
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Prime residential capital value growth and forecasts
Prime residential prices remained resilient in the first half of 2025, recording positive price growth of 0.7%
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"An analysis of the workplace policies of the top 200 Fortune 500 companies"
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"The U.S. office market is entering a new phase, as the strongest leasing quarter since 2019 and tightening fundamentals signal early-stage stabilization, set against a mixed economic backdrop and persistent structural headwinds."
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"Vacancy has begun to stabilize following a wave of new deliveries, increasing 60 basis points (bps) year over year"
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"New developments continue to break ground while absorption remains positive."
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"Vacancy decreased by 30 basis points (bps) in the first quarter to 8.9%."
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"Average asking rents increased to $10.37 per square foot (psf) in Q1 2026, up from $9.51 psf one year earlier"
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"The market’s vacancy rate ended Q1 2026 near historic highs, rising 140 basis points (bps) year over year ending Q1 2026 at 9.2%."
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"Tampa Bay’s industrial vacancy rate continues to climb, rising 90 basis points year over year from 8.2% to 9.1%"
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"Vacancy increased by 50 basis points (bps) over the last year"

"The industrial market is recovering, but regional divergence and rising macro risks mean the rebound will be uneven."